News
The First (Of Many) Coronavirus Business Interruption Trials Is Now Underway
The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd's of London insurers to cover losses from the Covid-19 outbreak — the ...
SCOR Chooses Ribadeau-Dumas as Next CEO, Succeeding Kessler
The SCOR board of directors unanimously chose Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR's current chairman and CEO. Ribadeau-Dumas will become ...
Higher Cargo Insurance Rates, New Risks Aplenty With COVID Vaccine Rollout
Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on ...
Lemonade Wins Right to Use Signature Pink in France
Lemonade said it has won one battle in its ongoing fight to use its signature pink in the European Union. The digital insurer said it came out on top in a key ruling against Deutsche Telekom ...
Cyber Insurers Reduce Scope of Offerings as Ransomware Attacks Climb
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a ...
Lloyd’s Takes Step to End Insurance and Investments in Coal
The Lloyd's market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to ...
High-End Home Insurance MGA Openly Secures $40M VC Round for National Expansion
Openly, an InsurTech MGA focused on high-end homeowners insurance, raised a $40 million round of venture capital from multiple investors. The new investment will fuel a national expansion, hiring and ...
EU Regulator Seeks More Hands-On Approach to Insurer Capital
The European Union's capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, ...